Tag Archives: scam

Everyday Aussie investors could lose $80 million in ‘Auscoin’ scam

The Bitcoin boom is the gold rush of our digital age, and barely a day goes by without some sort of shockwave that has buyers in a panic or throwing a party. But what exactly is cryptocurrency and how does it generate profit? It’s a question many investors struggle to answer. This Sunday, in the […]

Anatomy of a cryptocurrency scam

What if someone told you there was a cryptocurrency that could help you fight the repeal of net neutrality by getting paid to be on a badass futuristic internet? Furthermore it’s uncensorable, can’t be centralized, and is impenetrable to hacks. Enter Skycoin, the sounds-to-good-to-be-true coin with so many problems its likelihood of being a scam […]

Austrian Bitcoin ‘Scam’ Triggers Police Search Across Europe

Austrian authorities are asking Interpol to help them track down suspects in an alleged Bitcoin scam that blew up last year and may have hit hundreds of investors in the country and abroad. The prosecutors’ office in Vienna is consolidating “hundreds of complaints” about a scheme known as “Optioment” that have been filed at police […]

Real Wolf of Wall Street Jordan Belfort says Bitcoin is a ‘mirror image’ of his infamous scam – and insists he would have made $50BILLION if it was around back then

THE real Wolf of Wall Street Jordan Belfort has said Bitcoin is a “mirror image” of his infamous scam and insisted he would have made $50billion if it was around back in his day. The former stockbroker’s market manipulation and fraud crimes in the 1990s were the subject of the 2013 film starring Leonardo di […]

LoopX pulls exit scam, walks away with $4.5m in investor cryptocurrency

File Photo LoopX has pulled an exit scam after launching a series of Initial Coin Offerings (ICOs) which earned the startup roughly $4.5 million. The cryptocurrency startup promised to give traders consistent, high returns for investing in a proprietary trading algorithm. According to a cached version of the LoopX website — which has now gone […]

Cryptocurrency startup LoopX pulls exit scam after raising $4.5M in ICO

Another day, another exit scam: an emerging cryptocurrency startup more commonly known as LoopX has suddenly vanished out of thin air along with millions worth of its investors’ savings. The sketchy investment platform, which promised to earn backers’ money with its proprietary trading algorithm, has abruptly gone dark after raising $4.5 million in a series […]

Bitcoin SCAM warning: Fake Elon Musk tweets demand YOUR tokens | City & Business | Finance

Thousands of fraudulent Twitter accounts have flooded the social media platform in the past days, fooling people into paying small donations to specific crypto wallets. Utilising the oldest trick in the book, the online scammers pretend to be a recognised figure of authority, offering big payouts for small initial investments. The scammers have so far […]

How An Alleged Cryptocurrency Scam Put A Texas Car Show In Peril

For years, the Texas Relays Car Show and Donk Contest in Austin brought a passionate but sometimes misunderstood car culture into the spotlight around one of Texas’ biggest track and field events. But this year, the show’s fate is uncertain after its organizer apparently invested funds in what turned out to be a scam cryptocurrency […]

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